1. CPCU 556 Chapters 5 & 6 Homework
Post - Secondary Education Funding
Definition
Equation
Present Value
Future Value
FAFSA
Expected Family
Contribution EFC
Strategies to reduce
expected family
contribution
Federal work-study
programs
Coverdell Educational
Savings Account ESA
529
Savings Bonds EE vs. I
How do Home Equity,
401K, &Variable
Universal Life offset
educational planning?
UTMA vs. UGMA
Donna M. Kesot, CPCU, MS/P
©2-23-14
Page 1

2. CPCU 556 Chapters 5 & 6 Homework
Retirement Planning
Retirement Loss Exposures (4)
Roth IRA
401 (K)
403 (b)
457 deferred
Qualified Plan
Tax Free Funding Vehicles (2)
Money Market vs. Certificate of Deposit
Income Replacement Ratio Method
Expense Method
Accumulation Period vs Distribution Period
4 types of expenses that typically decrease during
the retirement years
Tax Deductible
Tax Deferred
Donna M. Kesot, CPCU, MS/P
©2-23-14
Page 2